WANT INTEREST REDUCED.
N.Z. FARMERS' CO-OP. CHRISTCHURCH, Tuesday. Bondholders of the New Zealand Farmers' Co-operative Association of Canterbury, Ltd., are being asked voluntarily to reduce the interest on the bonds to 4Vs per cent from 6V2 per cent until such time as a dividend is paid on the shares. Bondholders have received a circular proposing the reduction. Tlie bonds were originally issued at IVz per cent, with a subsequent reduction to 6% per cent, and at the same time an extension for a further ten years of the due date of the bonds. Interest is being paid in full up to to-day.
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Bibliographic details
Auckland Star, Volume LXIII, Issue 28, 3 February 1932, Page 4
Word Count
102WANT INTEREST REDUCED. Auckland Star, Volume LXIII, Issue 28, 3 February 1932, Page 4
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